Is It Time To Sell Bitcoin (BTC)? Not according to this analyst

The price of Bitcoin has been on a wild ride for the past seven days. At the current level of around $60,000, buyers and sellers are fighting an obvious battle and it is not clear who will emerge victorious.

A popular cryptocurrency analyst spoke about the uncertainty, believing that Bitcoin is on the brink of a massive cycle.

Bitcoin Bull Run in 2025?

CryptoCon, a well-known X technical analyst with over 100,000 followers, recently shared his thoughts on the current price action and what’s to come for the world’s largest cryptocurrency.

He believes that now is definitely not the right time to exit Bitcoin positions because there will be a bull run in 2025.

Leaving Bitcoin now is leaving before it all gets exciting! The same resistance and the same Puell multiple cycle support cycle after cycle. You are in the last valley before the highest mountain. The calm before the storm, up! – wrote the analyst.

Source: X

Based on its analysis of previous cycles, CryptoCon expects a bull run to occur in 2025.

Bitcoin Open Interest Increase

We have yet to see if there will be a bull run in 2025, but Bitcoin open interest has exploded over the past 24 hours.

Derivatives traders added more than a billion after the FOMC meeting minutes were released yesterday.

Open interest is not a metric that can be used to predict future price movements, but it is usually a precursor to incoming volatility.

In the last 24 hours, BTC has managed to recover the $60,000 level, resulting in a combined total of $125 million in liquidated derivatives positions. Interestingly, most of these ($69 million) were long traders.

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